startup

Insta360, a Chinese firm that makes 360-degree cameras, announced the completion of its Series C-plus funding round as it revealed plans to launch a domestic initial public offering as soon as next year, CNBC reports. A rival...

Home-rental giant Airbnb is in talks to invest in Indian budget hotel management startup Oyo Hotels, tech media company The Information reports, citing sources familiar with the matter. If it materializes, the deal would be another...

Following a crash in prices of cryptocurrencies and a cooling in investor frenzy, the sector has seen a new star emerge on the horizon: “stablecoins”. In February, US-based investment bank JPMorgan Chase announced that it is...

With the rise of cryptocurrencies around the globe, there have been quite a few cases of hacker attacks on crypto exchanges, causing significant losses in the industry. According to a Reuters report, over US$927 million worth...

Given multiple incidents of security breaches and hacks in crypto exchanges in recent years, securing the cryptocurrency wallet has become a growing concern for crypto investors. Amid this situation, Ledger, a Paris-headquartered cryptocurrency security firm known...

African online retailer Jumia Technologies has filed for an initial public offering (IPO) in New York, planning a share sale that could value the firm at US$1.6 billion or more. If the plans for a listing...

The Greater Bay Area is the Chinese government’s master plan for Hong Kong, Macau, and nine cities in Guangdong Province, with an aim to build a business and technology hub. The scheme brought excitement to many...

Uber’s Hong Kong unit on Tuesday launched a new taxi-partnership service in the city even as a partner pulled out at the last minute, reportedly under pressure from other taxi service operators. With the “Uber Flash” service,...

Singapore state wealth fund GIC was among the entities that had backed the US$300 million funding round of US cryptocurrency exchange Coinbase last year, according to Bloomberg. Coinbase, one of the largest platforms for buying and selling...

Tencent-backed Chehaoduo Group, the parent company of second-hand vehicles trading platform Guazi.com, said it has agreed to a US$1.5 billion investment from SoftBank’s mega tech investment vehicle Vision Fund. Chehaoduo, which is roughly translated as “lots of...

Financial Secretary Paul Chan Mo-po has earmarked HK$5.5 billion for the development of the fifth phase of Cyberport, a government-owned complex in Telegraph Bay with a cluster of technology and digital content tenants. The amount, combined with...

London Stock Exchange Group (LSEG) led a US$20 million funding round for a financial technology startup that enables companies to issue financial instruments on the blockchain, a move that shows growing interest among mainstream finance players in...

Despite a major selloff of popular cryptocurrencies such as Bitcoin and Ethereum, the market has seen a boom in “stablecoin” initiatives in the fast-moving crypto sector, as investors sought out cryptocurrency whose value is pegged to...

The financial industry has shown interest in digital coins and blockchain, aiming to utilize tamper-proof digital ledger technology. Recently, US-based investment bank JP Morgan announced that it is launching its own “stablecoin” in order to facilitate...

Panda Selected, a Beijing-headquartered shared-kitchen startup, has announced the completion of its Series C funding round, raising US$50 million from a group of international backers. The round was led by Tiger Global Management, with participation from existing...

Hong Kong rents are the highest in the world, and this has discouraged many young people from starting their own businesses. But thanks to big data and artificial intelligence, it’s now possible for entrepreneurs to make...

Hong Kong-based financial technology startup FinFabrik announced last week the completion of its seed round of funding, led by BitMEX Ventures, an arm of the cryptocurrency exchange and derivatives trading platform BitMEX. Alex Medana, FinFabrik’s co-founder and...